Bullets

FirstCry parent, Brainbees, is all set to hit the jackpot with its IPO. The company raked in a whopping ₹1,885.80 crore from anchor investors, including bigwigs like Singapore, Abu Dhabi, and a slew of mutual funds.

Shares were snapped up at the top price of ₹465 each. Domestic mutual funds alone gobbled up ₹730 crore worth of shares.

With such a strong start, can FirstCry's IPO journey be anything short of a fairy tale?

Marico, the company behind your favourite hair oil and cooking essentials, just posted its Q1 report card. The results?

A neat 8.66% jump in net profit to ₹464 crore. Revenue also saw a healthy 6.7% uplift to ₹2,643 crore. But, Bangladesh’s political turmoil led to the sudden decline in share price (4%) as the company earns around 11-12% of its revenue from there.

While the stock price got a quick shine post-results, the real question is: Can Marico keep this momentum going?

Swiggy Instamart, the speedy grocery arm of the IPO-bound food delivery giant, has just upped its game. The company has tapped Sairam Krishnamurthy to steer its operations, from dark stores to city expansion.

This strategic move comes as no surprise given the cutthroat competition in the quick commerce space.

Will Krishnamurthy be the secret ingredient to Instamart's growth recipe?

Also Read: Swiggy is Bringing an IPO: Know Details

India’s digital bazaar ONDC is on a roll! July saw a whopping 12 million orders placed on the platform, with daily orders peaking at a brisk 430,000.

Food, fashion, and groceries are leading the charge, contributing to over 3.7 million orders combined. Mobility still holds a significant chunk with 4.4 million orders.

But the real question is: Can ONDC sustain this momentum and become the go-to platform for Indian consumers?

Postman, the $5.6 billion (₹46,480 crore) SaaS firm, is facing a reality check. Recent secondary deals for the company have been struck at a whopping 30-40% discount, a far cry from the usual 10-15% dip.

This steep fall mirrors the broader SaaS downturn, where valuations are taking a nosedive.

While early investors are cashing out, it begs the question: is this just a temporary speed bump, or a sign of a more significant slowdown for the once high-flying sector?

Go First, the airline that couldn't quite take off, is officially grounded.

Creditors have pulled the plug, unanimously voting for liquidation after a year of failed rescue attempts. With bids falling short of expectations, the airline's fate is sealed.

The final chapter is yet to be written, but one thing's clear: the Indian skies are about to get a little less crowded.

Curious to know how it happened? Read here.

IT firm Sonata Software has just hit the snooze button on its $1.5 billion (₹12,450 crore) dream.

The mid-tier tech player has pushed back its target revenue by a year to FY27, joining the growing chorus of IT firms feeling the chill of a slowing tech winter.

While they've managed a decent Q1 with a 12% YoY profit jump, the question is: Can they keep this momentum going in a market that's looking increasingly frosty?

Sun Pharma's hair-raising plans for its new hair loss drug, Leqselvi, just got a major buzz cut. A patent dispute has thrown a wrench into the much-anticipated US launch, casting a shadow over the company's July plans.

Despite this, Sun Pharma still managed to impress investors with a 40% YoY net profit jump to ₹2,836 crore.

But will the Leqselvi delay dampen the company's overall shine?

Also Read: Why Investing in Pharmaceutical Industry is Not Always the Right Idea?

In a dramatic twist, Infosys has temporarily escaped a whopping ₹32,403 crore GST demand.

The IT giant, accused of tax evasion on overseas services, has managed to get the Karnataka tax authorities to back off. But the battle isn’t over.

The case has now been handed over to the central GST intelligence. Will Infosys be able to code its way out of this one?

Zomato's stock is on fire! The food delivery giant's market cap just hit a sizzling $28 billion (₹2.32 lakh crore) after a scorching quarter.

Shares jumped 19%, the company raked in a whopping ₹253 crore profit (compared to a measly ₹2 crore last year), and revenue climbed 74% to ₹4,206 crore.

Is this just the beginning of Zomato's culinary conquest, or is the market overhyping a well-cooked quarter?

Also Read: Zomato Plans to Enter the Movie Business

Ola Electric is revving up for its IPO! The electric vehicle startup is looking to raise a cool ₹5,500 crore in fresh funds, while its founders and early investors are cashing out to the tune of ₹85.79 crore shares.

Will investors be charged up by Ola's electric dreams, or will they hit the brakes on this IPO?

Also Read: Ola Electric IPO and Layoffs

Toyota is eyeing a big move as it signed a deal to potentially build a massive new plant in Maharashtra, worth a whopping ₹20,000 crore. The factory could churn out 400,000 electric and hybrid cars annually, creating 8,000 new jobs.

While this sounds like a dream come true for Maharashtra, the deal is still in the 'examining' phase.

With Hyundai already expanding its footprint in the state, is Maharashtra becoming the new Detroit of India?

FirstCry, the go-to shop for baby gear, is all set to hit the stock market with a price tag of around $2.9 billion (₹24,070 crore).

The IPO opens on August 6, but wait, there's a twist.

This valuation is almost identical to its last round of funding, making one wonder if they're just trying to get a fresh coat of paint on their financial statement.

Unicommerce Esolutions Ltd. is about to hit the big leagues! The online shopping enabler has set its sights on the stock market with an IPO priced between ₹102 and ₹108 per share.

The countdown is on, with the IPO kicking off on August 6th and the grand listing on August 13th.

Will investors be lining up to grab a piece of this e-commerce pie, or will they be left wanting more?

Also Read: List of Best Upcoming IPOs

FirstCry is growing up fast! The baby care giant saw its revenue balloon by 15% to a whopping ₹6,481 crore in the last fiscal year. While they're still in the red, losses shrank by a cool 34%.

Subsidiary Globalbees contributed a solid 18% to the party. FirstCry's international sales, especially in the Middle East, are growing at a breakneck pace.

With these numbers, their upcoming IPO might just be the stuff of fairy tales.

Zomato-backed Shiprocket isn't content with just shipping online orders. They're throwing a lifeline to India's 10 million shopkeepers, a whopping one million of whom are already tech-savvy.

With a new WhatsApp store bot and speedy delivery service, Shiprocket is aiming to transform the humble corner shop into a digital powerhouse.

Can they turn a nation of brick-and-mortar stores into online shopping havens?

Vodafone Idea, the telecom titan struggling to stay afloat, is trying to dial down its debt to Nokia.

With a cool ₹3,000 crore owed to the Finnish network giant, Vi has already handed over half in shares, but the remaining ₹1,500 crore is still a hefty bill.

The plan? To pay it off in instalments by the end of 2025. But will Nokia agree to this extended payment plan? Only time, and perhaps some serious negotiations, will tell.

Ola Electric is gearing up to ride its way to the stock market with an IPO priced at ₹72-76 per share.

The electric vehicle startup is looking to raise a cool ₹5,500 crore from investors, including a mix of fresh cash and existing shareholders jumping off the ride.

With a reservation for retail investors at a mere 10%, will the common man be left in the dust as Ola zooms past on its IPO journey?

Read about it from this article here.

Infosys McCamish Systems, the IT giant’s US arm, is a source of drama as another class action lawsuit lands on their doorstep.

That’s lawsuit number four since the November 2023 data breach that exposed a whopping 6.5 million people’s personal information.

Will this be the final chapter, or is there more trouble brewing for Infosys?

Also Read: TCS & Infosys: The IT War Explained

Forget iPhones, is Foxconn setting up an iPad factory in India? Apple's main assembler is reportedly considering a 1 billion yuan ($137.5 million) HQ in China focused on "core technology research".

Foxconn’s similar expansion to India might be directed in the same direction.

Is India getting cheaper iPads or is this a global tech turf war in the making?